Nalanda India Equity Fund buys 34.55 lakh shares of Elgi Equipments

Nalanda India Equity Fund has bought 34.55 lakh shares of Elgi Equipments through the open market route. The shares were purchased on an average price of Rs 121.50 valuing the transaction to Rs 41.98 crore.

Elgi Equipments is engaged in manufacturing of air compressors and automobile service station equipment. Products manufactured by company has wide applications in the area of mining, pharmaceuticals, ship building, power, oil, chemicals, textiles, printing,  paper, transport, electronics, telecommunications, defence, medical, railways, food and beverages and plastics.